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MicroStrategy unveils Bitcoin-based decentralized identity protocol with Ordinals-inspired technique

MicroStrategy unveils Bitcoin-based decentralized identity protocol with Ordinals-inspired technique

May 02, 2024 Cryptocurrency, No picture 0

MicroStrategy has announced the development of a decentralized identity solution on the Bitcoin blockchain. The protocol, dubbed MicroStrategy Orange, adopts a Bitcoin Inscription DID method, similar to the Ordinals technique, to manage Decentralized Identifiers (DIDs) using Unspent Transaction Outputs (UTXOs) for control. Michael Saylor, the company’s co-founder and executive chairman, unveiled the innovation at the […]
Elliott Wave Analysis: SP 500 And Nasdaq 100 Bearish And Bullish Outlooks

Elliott Wave Analysis: SP 500 And Nasdaq 100 Bearish And Bullish Outlooks

May 01, 2024 Finance, No picture 0

Image Source: PexelsSP500 – Nasdaq 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200 Elliott Wave Technical Analysis Elliott Wave Analysis Indices: SP 500 and Nasdaq 100 Wave (4). No doubt there is bearish pressure on all current Indices patterns and based on that I look at the bearish Elliott wave pattern […]
USD/CAD Extends Its Downside Below 1.3750 On A Softer US Dollar

USD/CAD Extends Its Downside Below 1.3750 On A Softer US Dollar

May 01, 2024 Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD loses ground near 1.3730 on the softer USD on Thursday.  The BoC Governor said the central bank is  “getting closer” to rate cuts. The Fed has not changed its key interest rates and expressed more caution than previously about possible interest rate cuts.  The USD/CAD pair extends its downside around 1.3730 during the early Asian […]
A Positive Earnings Picture Remains

A Positive Earnings Picture Remains

May 01, 2024 Finance 0

Image Source: Pixabay The picture emerging from the Q1 earnings season continues to be one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. On the flip side, positive surprises are tracking below other recent periods, particularly on the revenues side. Total earnings for […]
Markets Sink After Powell Presser; Big Earnings Post-Bell

Markets Sink After Powell Presser; Big Earnings Post-Bell

May 01, 2024 Finance, No picture 0

Image Source: PexelsMarkets surged today on Fed Chair Jerome Powell’s press conference. It came after the Fed’s press release kept interest rates at the same 5.25-5.50%, with the same commitments to a +2% inflation target. Powell explained how the Fed would be slowing the pace of decline in securities on the balance sheet. This was taken […]
Asia Morning Bites For Thursday, May 2

Asia Morning Bites For Thursday, May 2

May 01, 2024 Finance 0

Image Source: PixabayGlobal Macro and Markets Global Markets: The combination of a reduction in quantitative tightening (the cap on maturing Treasury securities was reduced from $60bn to $25bn per month) and only a modest change to the Fed’s assessment of the risks to their inflation and employment goals, allowed US Treasuries to rally after the FOMC no-change […]
Implied Volatility Crush Sends Stocks Higher As Usual During The Fed Announcement

Implied Volatility Crush Sends Stocks Higher As Usual During The Fed Announcement

May 01, 2024 Finance 0

Image Source: PixabayThe Fed meetings seem to create more confusion than needed, but it is what is what it is. I know that even though I wrote yesterday that at 2:35 PM ET, it was possible that we saw the usual FOMC press conference volatility crush, and that it could send stocks higher, I still get messages […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1

Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1

May 01, 2024 Finance, No picture 0

Image Source: UnsplashWild and crazy day to say the least! Both the ES and NQ gave a nod and a push towards both the “A” and “B” versions of the preferred count(s). Neither came out the winner and I again am not handing out the winning ticket — so again I lay out possible limitations which […]
Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers

Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers

May 01, 2024 Finance, No picture 0

Image Source: PexelsThings are going so well for Tesla that Elon Musk is scaling back charger plans, rescinding offers made to interns, and firing a lot of people including the entire supercharger team.Hello Elon, What’s Going On?The Wall Street Journal reports Tesla Is Pulling Back From EV Charging, and People Are Freaking Out Tesla’s move this week […]
Silver Price Analysis: XAG/USD’s Uptrend Remains Intact, As Bullish Harami Looms

Silver Price Analysis: XAG/USD’s Uptrend Remains Intact, As Bullish Harami Looms

May 01, 2024 Finance 0

Image Source: Pixabay Silver stable at $26.64 after Fed holds rates steady, per Chair Powell’s data-driven stance. Technicals: Silver rebounds from $26.27 low, eyes $27.00 resistance. Silver hints at bullish trend; breakout above $27.14 could reinforce this. Bearish shift requires silver below $26.13, targeting lower supports. Silver’s price stayed firm at around $26.64 after the Fed decided to […]